Boston Omaha: Big Opportunity As Shares Are Still Cheap

Summary

• Management reported solid revenue growth across all business segments in Q1 2024.
• The new CEO is focusing on improving the existing segments of the holding, rather than building and acquiring new segments.
• Insider buying activity between May and June of close to $2.5 million reflects management's confidence in the company's undervalued stock.
• The $20 million share buyback program is another indicator that the company believes their shares are undervalued.
• Given these, and other reasons I discuss below, my rating for this stock is a Strong Buy.